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08.11.2011Construction playthingsThey are already preparing to retrace their steps, and for several reasons. They are discovering that they have been fighting a bugbear; also, that their legislation against the bugbear cannot legislate. Also, that money stays away from radical communities, that many possible advantages are lost; that combinations properly controlled have, within themselves, the capabilities of accomplishing much good. Despite the threatened damage of these monster combinations prices have been quietly and steadily declining in nearly every direction; railroad freights have slipped down, notch after notch. Association after association has come and gone, and the Interstate Railway Law itself is in danger of being set aside for something better. The people are learning to have less fear of these combinations, and more confidence in themselves and for the underlying laws of trade. The year homerepairs ends with gratifying results to business men in every avenue of activity. The action of the Treasury Department furnishes a hint to the country that a large supply of currency may soon become a necessity. The evil that would result from an unexpected and prolonged financial stringency cannot be measured. Over five thousand new corporations, firms and business associations have started in the South last year, as against something like 3,700 for 1888. Never in our history was there such an incubation of new business ventures. A stringency in money will destroy these by the thousand. Two or three scores of railroad enterprises which have reached the gainsborough renovator series stage of bond-issuing would also be thrown aside, and thousands of enlargements of manufacturing and mining properties would be postponed; but it is useless to borrow trouble, or to paint dismal possibilities, as it is to be presumed that the people and their spokesmen fully understand the question. There is not a single branch of business in which reasonable fault can be found with results, excepting the one general result of very narrow margins. The wage-earners are earning as much as for years past, and are receiving more for their expenditures; that is to say, less of the product of labor in the aggregate is being absorbed by middlemen, or what might be termed non-productive agencies. The production of labor is being more evenly and equitably distributed than ever before.Maintenance man Economics development Build a ber Just construction Home fix |
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